Thursday Top Crypto News
In one short thread…
Nasdaq-listed Lion Group (LGHL) secured $600M from ATW Partners to launch a Hyperliquid (HYPE) treasury, with HYPE as its main reserve asset and allocations to SOL and SUI
Earlier, Eyenovia committed $50M to a similar HYPE treasury
Geopolitics not stopping the ETF inflows 👇
On June 18, spot Bitcoin ETFs saw a total net inflow of $390 million, marking eight consecutive days of net inflows
Spot Ethereum ETFs recorded a total net inflow of $19.1 million, with three consecutive days of net inflows
Stablecoin market supply exceeds $250 billion, per Delphi Digital
Tether and Circle dominate with 86% of circulation
Yield-bearing stablecoins grow rapidly, with Ethena nearing $6 billion since launch
Over 10 stablecoins have circulation above $1 billion, showing increased issuer diversity
Over $120 billion in U.S. Treasuries are locked in stablecoins, forming a liquidity pool outside traditional markets
Trump said in a social media post that the GENIUS Act, which sets out a regulatory framework for stablecoins, will make the U.S. a leader in digital assets and called for the House of Representatives to swiftly move the bill
“The House will hopefully move LIGHTNING FAST, and pass a “clean” GENIUS Act. Get it to my desk, ASAP — NO DELAYS, NO ADD ONS”
Canadian Stock Exchange-listed company Sol Strategies has filed with the U.S. Securities and Exchange Commission to trade on Nasdaq under the ticker symbol "STKE."
The company has been accumulating SOL as a treasury asset and operating Solana validators, with current holdings exceeding 420,000 SOL
A hacking group called Gonjeshke Darande, or "Predatory Sparrow," attacked one of Iran’s largest cryptocurrency exchanges on Wednesday, destroying nearly $90 million and threatening to expose the platform’s source code
This marks the group’s second operation in two days, following their claimed attack on Iran’s state-owned Bank Sepah on Tuesday amid escalating tensions between Israel and Iran
Crypto prime brokerage FalconX is in early-stage talks for an IPO and may begin the listing process as soon as 2025 to meet growing institutional demand for digital assets
The company last raised $150 million in 2022 at a valuation of $8 billion
Crypto majors trade at the following levels
BTC 104,834
ETH 2,524
XRP 2.161
SOL 145.45
Have a great day!
8
7.51K
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.